JPMorgan adviser stole $20M from clients: feds

April 17, 2015 1:39 AM

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A former JPMorgan Chase money manager with an otherwise spotless record stole $20 million from his clients over four years — and used the cash to pay bills, his mortgage and to invest in his own account, federal authorities alleged Thursday.

But the disgraced former financial adviser, Michael J. Oppenheim, couldn’t even enjoy much of the stolen loot as he lost nearly all the cash he invested by making wrong-way options plays in Apple, Tesla, Google and Netflix, according to court papers.